Aramco and Formula Motorsport Agree to Use Sustainable Fuels in Motor Racing Championships

Saudi Aramco, the world's largest oil exporter, has signed a preliminary agreement with Formula Motorsport to introduce sustainable fuels in the Formula 2 and Formula 3 championships from 2023.

The agreement demonstrates both companies' efforts to decarbonise to counter global warming and is subject to approval by the FIA World Motor Sport Council.

Aramco said in a statement:

It will form part of the wider sustainability strategy announced by the FIA and Formula 1, which will see the sport become net zero carbon by 2030.

Aramco says that by 2026 all FIA championships will be required to use 100 per cent sustainable fuels in their cars, adding that "it is working on the development of sustainable fuels as a drop-in technology” to incorporate it into the existing global fleet.

As part of this collaboration, Aramco Chief Technical Officer Ahmad Al-Khowaiter said:

We aim to demonstrate the significant potential of liquid synthetic fuels.

He added that practical solutions are being explored to enable decarbonisation of the transport sector. For instance, the use of low-carbon fuels, more efficient engines or advanced materials and carbon capture technology.